The IMF’s No. 2 official says experts were wrong to ignore lost jobs from automation—and warns we ‘don’t have the luxury of time’ to regulate A.I.

The IMF’s No. 2 official says experts were wrong to ignore lost jobs from automation—and warns we ‘don’t have the luxury of time’ to regulate A.I.

Al Drago—Bloomberg/Getty Images The boom in artificial intelligence tools, from image generators to chatbots like ChatGPT, is pushing people to make wild predictions on how these tools might change jobs as we know them. Some experts worry that A.I. could drastically reshape the labor market, driving down wages and even making some jobs extinct .

Now, a top official at the International Monetary Fund is joining the crowd of those worried about A.I., suggesting that we may not much time to determine how to protect people from the new technology.

“There is tremendous uncertainty, but that …doesn’t mean that we have […]

The IMF’s No. 2 official says experts were wrong to ignore lost jobs from automation—and warns we ‘don’t have the luxury of time’ to regulate A.I.

The IMF’s No. 2 official says experts were wrong to ignore lost jobs from automation—and warns we ‘don’t have the luxury of time’ to regulate A.I.

Gita Gopinath, first deputy managing director of International Monetary Fund (IMF), speaks during an interview. The boom in artificial intelligence tools, from image generators to chatbots like ChatGPT, is pushing people to make wild predictions on how these tools might change jobs as we know them. Some experts worry that A.I. could drastically reshape the labor market, driving down wages and even making some jobs extinct .

Now, a top official at the International Monetary Fund is joining the crowd of those worried about A.I., suggesting that we may not much time to determine how to protect people from the […]

Embracing Human Expertise: Top Jobs That Artificial Intelligence Tools Will NOT Take Away

Embracing Human Expertise: Top Jobs That Artificial Intelligence Tools Will NOT Take Away

These career choices will have very less or no effect of technology advancement.

As the world witnesses a rapid advancement in artificial intelligence (AI) and automation, there is a growing concern about job displacement and the impact of these technologies on traditional employment sectors.

With mass lay-offs and top executives warning about AI progress and its challenges people are worried what kind of career to opt for that is resilient to the present change. Amid this technological revolution, there are certain career options that remain resilient to the AI boom.These professions rely on uniquely human skills that cannot be easily […]

Fears Of AI Are Greatly Exaggerated

Fears Of AI Are Greatly Exaggerated

A man moves his finger toward an automated hand. AFP PHOTO/ GERARD JULIEN (Photo credit … [+] AFP via Getty Images Fear colors much conversation about artificial intelligence (AI). Some seem concerned with matters of privacy, others worry over abuses of power or the upending of social relationships. Much of the fear centers on job destruction. These last concerns are far from new. They have emerged with every technological advance since the industrial revolution began in the late eighteenth century. They are a very old story that commentators today have attached to something otherwise very new. If the history […]

ChatGPT took their jobs. Now they walk dogs and fix air conditioners.

Technology used to automate dirty and repetitive jobs. Now, artificial intelligence chatbots are coming after high-paid ones.

Eric Fein at his home in Bloomingdale, Ill. Fein lost many of his writing jobs to ChatGPT and plans to attend the College of DuPage technical school in the fall to study heating, ventilation and air conditioning systems. (Taylor Glascock for The Washington Post) When ChatGPT came out last November, Olivia Lipkin, a 25-year-old copywriter in San Francisco, didn’t think too much about it. Then, articles about how to use the chatbot on the job began appearing on internal Slack groups at […]

US Workers Want ChatGPT To Help With Decisions – automatica survey reveals

Survey of 1,000 employees in the US

MUNICH, Germany–(BUSINESS WIRE)– #AI — 63 percent of employees in the US welcome AI services like ChatGPT to help them make the right decision at the workplace. A big majority of almost 80 percent though wants such digital tools to be instantly recognizable as machines. These are results of the automatica trend index 2023. For the study, 1,000 employees were surveyed in the US on behalf of the leading trade fair for smart automation and robotics “automatica” (June 27 – June 30 in Munich, Germany). “Robotics and Artificial Intelligence software like […]

Is Canada’s labour shortage a myth?

Is Canada’s labour shortage a myth?

Economist cites StatCan numbers that ‘go against the grain of a few assumptions that we’ve typically made’ “The fact that the so-called labour shortages are most severe in low-wage industries with relatively few formal requirements suggest it may be a problem with the jobs — not a shortage of people.”

So says Jim Stanford, economist and director of the Centre for Future Work in Vancouver.

Stanford was reacting to a recent report issued by Statistics Canada around job vacancies between 2016 and 2022 that broke things down by education levels in order to get a more detailed picture of the labour […]

Study Finds AI Threatening Many Women’s Jobs

Study Finds AI Threatening Many Women’s Jobs

The rapid rise of artificial intelligence may pose a significant challenge to the female workforce, as many women’s jobs could be at risk, according to a recent study. Maximize your reach with TechNewsWorld’s B2B marketing solutions. We deliver the highest-quality leads to streamline your sales journey. Fill your pipeline and elevate your revenue using our proven lead-generation strategies. Learn more.

A new report from a human resources analytics firm found that artificial intelligence threatens to replace a disproportionate number of jobs typically held by women.

According to researchers at Revelio Labs , their findings reflect social biases that have funneled […]

100+ Job Loss To Automation Statistics, Industries, Demographics, Geographics, & Future Prospects

100+ Job Loss To Automation Statistics, Industries, Demographics, Geographics, & Future Prospects

In the annals of human progress, the march of technology has been both a catalyst and a harbinger of change. From the advent of the wheel to the revolution of electricity, each era has witnessed a profound transformation in the way we live, work, and interact. Today, as we stand at the precipice of a new chapter in the history of innovation, the dawn of automation looms large, promising a future that is simultaneously awe-inspiring and anxiety-inducing. "Robots at work: the silent replacements rewriting the future of employment." – Unknown Rapid advancements in artificial intelligence, robotics, and machine learning […]

Advanced Automation with Mech-Mind Robotics at Automate 2023, USA

Advanced Automation with Mech-Mind Robotics at Automate 2023, USA

DETROIT, May 30, 2023 /PRNewswire/ — Mech-Mind Robotics, a leading provider of industrial 3D sensors and AI-powered software for intelligent robotics, impressed the visitors at the highly anticipated Automate Show 2023 in Detroit, USA, from May 22 to 25. During the event, Mech-Mind showcased the capabilities of 3D vision through multiple applications, presenting high-performance 3D sensors as well as advanced algorithms optimized for the unique needs of the automation industry. Mech-Mind at the Automate Show 2023 Since the debut of Mech-Mind’s first 3D vision solution at Automate – a leading exhibition dedicated to showcasing the latest in robotics, AI, […]